HSBC Cuts Ties with GABI

HSBC has reportedly cut ties with the "regulated" Global Advisors Bitcoin Investment Fund (GABI) over concerns related to "money laundering" risks. Notably in 2012 HSBC settled with the United States for $1.92 billion related to assistance it allegedly provided drug cartels in laundering money in Mexico and Columbia, likely making the money laundering issue a very sore subject for the bank.

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